G20 expresses concern about Ukraine fallout–urges reforms

G20 Summit

Newscast WASHINGTON—The Group of 20 leading economic powers has said that it is
closely monitoring the situation in crisis-stricken Ukraine. At the same time, it has
called on the US to ratify reforms to the International Monetary Fund.

The final communique released following a meeting of G20 finance ministers and
central bankers in Washington on Friday, said the International Monetary Fund and
World Bank were best-placed to assist the new authorities in Ukraine.

“We are monitoring the economic situation in Ukraine, mindful of any risk to economic
and financial stability, and welcome the IMF’s recent engagement with Ukraine as the
authorities work to undertake meaningful reforms,” the statement said. CONTINUE TO FULL STORY>>